Chinese battery giant CATL is poised to raise at least HK$31.01bn ($3.99bn) in a Hong Kong listing. The EV battery manufacturer plans to offer 117.9 million shares at a maximum price of HK$263 each. The listing could potentially swell to around $5.

Contemporary Amperex Technology, the world’s largest electric vehicle battery maker, started taking investor orders on Monday for a listing in Hong Kong that could raise more than HK$31 billion ($4 billion).

By Scott Murdoch (Reuters) -Chinese battery manufacturer CATL aims to raise at least HK$31.01 billion ($3.99 billion) in its Hong Kong listing, according to its prospectus filed on Monday, the largest new share sale in the city this year.